Location Root Tag

WASHINGTON -- Minneapolis Federal Reserve Bank President Narayana Kocherlakota will become the next chair of the Financial Services Policy Committee starting on March 17.

Capital One (COF) has appointed Daniel deBrauwere head of business credit, a newly created role at the bank's asset-based commercial lending and specialty finance unit.

Jay Sidhu's Pennsylvania company is building a separately branded bank that, like Simple, will target a demographic that feels no particular affinity toward traditional banks.

Regulators continue to make Bank Secrecy Act compliance one of their top priorities, according to newly available information on enforcement actions.

Chicago cab passengers who pay their fare with debit and credit cards may be victims of a security breach.

S&T Bank (STBA) has opened a new branch in State College, Pa., and hired two local community bankers to expand its presence in the region.

The Office of the Comptroller of the Currency shuttered the $130 million-asset Millennium Bank in Sterling, Va., while Pennsylvania state regulators closed the $63 million-asset Vantage Bank in Horsham, Pa.

Union Bank in San Francisco and its Japanese parent company plan a series of changes to its corporate names and structure, all in response to the Federal Reserve Board's plan to overhaul the way it supervises foreign banks.

The founder of Pacific Commerce Bank (PFCI), Kenneth Kasamatsu, will retire at the beginning of April to pursue other interests.

Dime Community Bancshares (DCOM) in Brooklyn, N.Y., has appointed a new chief operating officer.

Executives at Webster Financial, Independent Bank and People's United agree that their retail operations have to change -- but the consensus stops there. Some are adding branches, some are cutting them, and they are all using new technologies in different ways.

Madison Bancorp (MDSN) in Baltimore, Md., plans to deregister its common stock and stop reporting to the Securities and Exchange Commission.

Wells Fargo (WFC), the nation's largest mortgage lender, plans to eliminate 700 more jobs as fewer borrowers are looking to refinance their mortgage loans.

EagleBank in Bethesda, Md., has hired three former Virginia Commerce Bank executives.

Oconee Federal Financial Corp. (OFED) in Seneca, S.C., has agreed to buy Stephens Federal Bank in Toccoa, Ga.

Mortgage Network in Danvers, Mass., has opened its first office in neighboring Rhode Island.

The Federal Reserve Board has released Metropolitan Bank Holding in New York from a January 2011 enforcement action.

Southern Missouri Bancorp (SMBC) in Poplar Bluff, Mo., has agreed to buy Peoples Banking Company in Nixa, Mo.

First United (FUNC) in Oakland, Md., has received regulatory approval to catch up on interest payments for certain obligations.

John A. Allison is planning to retire from the board of BB&T (BBT) in Winston-Salem, N.C.